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Vin Gopal proposes casino gaming at two New Jersey racetracks

Regulation

New Jersey senator Vin Gopal introduced a proposal to allow casino games at Monmouth Park and the Meadowlands. The amendment to Bill SCR130 would put the change to voters in a constitutional ballot; if approved, the legislature could set operating rules and allocate state revenue from the casinos.

The proposal could extend casino gaming beyond Atlantic City, subject to voter approval and subsequent legislation.

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Business

VICI leases two Alberta racetracks to Highfield for CAD 10.7 million annual rent

VICI Properties announced a 20-year triple-net lease with Highfield Investment Group for the Century Mile and Century Downs racetracks in Alberta, Canada. The lease starts at CAD 10.7 million in annual rent, with yearly increases tied to 1.25% or Canadian CPI, capped at 2.50%, whichever is higher. Completion is expected in Q4 2026 or Q1 2027, subject to conditions and regulatory approvals.

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